Corporate governance examples upsc

All corporate governance policies and procedures should be transparent or made available to interested parties.
One goal of corporate governance is to set up a system of checks and balances to prevent conflicts of interest.
Conflicts usually emerge when two parties engaged have competing views on how the business should be run.

Action plans, performance measurement, transparency standards, CEO compensation decisions, dividend policies, methods for reconciling conflicts of interest, and explicit or implicit contracts between the company and stakeholders are all examples of corporate governance processes.

Give a conclusion by underlining the significance of corporate governance.
Corporate governance essentially involves balancing the interests of a company's many stakeholders, such as:

In India, corporate governance initiatives have been undertaken by the Ministry of of Corporate Affairs (MCA) and the Securities and Exchange Board of India (SEBI).